Investor sentiment charges up as Ola Electric rallies on in-house battery progress, cost efficiencies, and improving EV registrations.
Shares of Ola Electric surged nearly 20% on Friday, hitting the upper circuit as investor confidence strengthened following technological and operational developments at the company.
The stock closed at ₹36.34, up 19.97% from the previous close of ₹30.29, after opening higher and steadily climbing throughout the trading session. More than 42 crore shares were traded during the day, generating a turnover of around ₹147 crore. The company’s market capitalisation stood at approximately ₹16,029 crore ($1.7 billion) at market close.
The rally followed the company’s announcement that its in-house developed 46100 Lithium Iron Phosphate (LFP) battery cell is production-ready. The new battery format, part of Ola Electric’s vertical integration strategy, is larger than its existing 4680 Bharat Cell and is expected to deliver improvements in scale, cost efficiency, and usability across electric mobility and energy storage applications. The company said the new cells will begin powering its products from the next quarter.
Ola Electric is simultaneously expanding its Gigafactory capacity from 2.5 GWh to 6 GWh, while vehicles powered by Bharat Cells are already operating on Indian roads. Earlier this month, the company also secured Production Linked Incentive (PLI) certification for its Roadster X+ 4.5 kWh electric bike, making it eligible for government incentives tied to domestic manufacturing.
The company recently reduced prices of its Roadster X+ 9.1 kWh variant by 31%, leveraging improved battery production efficiencies to drive demand and registrations.
Led by Bhavish Aggarwal, Ola Electric showed signs of operational recovery in March 2026, with electric two-wheeler registrations rising 139% month-on-month to 9,496 units. Market share crossed 5%, helping the company regain fifth position in the segment.
Despite a sharp 59% rise in share price since late March, the stock still trades below its IPO price of ₹76.
